December Interest Rates On Hold

The RBA has decided to leave the official cash rate unchanged at 0.75%. In making this decision not to drop rates again the RBA will have considered emerging evidence of an improving housing market, supported by strong auction clearance rates in Sydney & Melbourne.

The next meeting will be February 2020 so we will have to wait until then to see how the RBA will move on interest rates. They believe they still have more room to move if the economy turns downwards.

Lenders continue to review rates independently of the RBA with some making reductions. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation.

There may be different rates available from our wide panel of lenders and I’m always available to ensure you have the right financial solution for your current and future circumstances.

If you have any questions about these announcements or interest rates, please feel free to contact us.

To view interest only repayments you can calculate these by using one of our mortgage calculators or commercial loan calculator.

For more information regarding residential home loans, investment and commercial loans please visit Smart Search Finance.

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